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REGISTERED NUMBER: OC345210 (England and Wales)















Davis Grant 1 LLP

Unaudited Financial Statements

for the Period 1 January 2023 to 21 April 2023






Davis Grant 1 LLP (Registered number: OC345210)






Contents of the Financial Statements
for the Period 1 January 2023 to 21 April 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Davis Grant 1 LLP (Registered number: OC345210)

Balance Sheet
21 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 4,867

CURRENT ASSETS
Debtors 5 106,624 156,416
Cash at bank and in hand 11,913 3,058
118,537 159,474
CREDITORS
Amounts falling due within one year 6 118,533 164,337
NET CURRENT ASSETS/(LIABILITIES) 4 (4,863 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

4

4

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

4

4

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 4 4

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 21 April 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Davis Grant 1 LLP (Registered number: OC345210)

Balance Sheet - continued
21 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 21 February 2024 and were signed by:




B G Chernoff - Designated member




N M Driver - Designated member


Davis Grant 1 LLP (Registered number: OC345210)

Notes to the Financial Statements
for the Period 1 January 2023 to 21 April 2023

1. STATUTORY INFORMATION

Davis Grant 1 LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC345210

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 40 (2022 - 40 ) .

Davis Grant 1 LLP (Registered number: OC345210)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 21 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 17,999
Disposals (17,999 )
At 21 April 2023 -
DEPRECIATION
At 1 January 2023 13,132
Eliminated on disposal (13,132 )
At 21 April 2023 -
NET BOOK VALUE
At 21 April 2023 -
At 31 December 2022 4,867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 66,185 142,206
Other debtors 40,439 14,210
106,624 156,416

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,710 1,065
Taxation and social security 91,107 163,272
Other creditors 8,716 -
118,533 164,337

7. LEASING AGREEMENTS
Total lease commitments at the balance sheet date were £875.

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, members capital, loans and other debts due to members rank pari-passu with unsecured creditors.